ZBRA Q2 2020 Earnings Report — Zebra Technologies Corporation Revenue & Financial Results | Market Cap Arena

Zebra Technologies CorporationZBRA

Q2 2020 Earnings

Reported July 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$956M	$1.1B	$1.1B	-9.1%	-12.9%
Op. Income	$119M	$151M	$160M	-21.2%	-25.6%
Gross Margin	43.8%	45.0%	47.4%	-1.1pp	-3.6pp
Net Margin	10.5%	8.5%	11.3%	2.0pp	-0.8pp
EPS (Diluted)	$1.85	$1.65	$2.26	12.1%	-18.1%
Free Cash Flow	$227M	$95M	$138M	138.9%	64.5%

Revenue Flow

Item	Amount
REVENUE	$956M
Cost of Revenue	$537M
GROSS PROFIT	$419M
R&D Expenses	$98M
Selling & Marketing	$109M
General & Administrative	$74M
SG&A Expenses	$183M
Other Expenses	$19M
Operating Expenses	$300M
Cost & Expenses	$837M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$103M
Income Tax Expense	$3M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$34M
EBIT	$117M
EBITDA	$151M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$956M
Cost of Revenue	$537M
GROSS PROFIT	$419M
R&D Expenses	$98M
Selling & Marketing	$109M
General & Administrative	$74M
SG&A Expenses	$183M
Other Expenses	$19M
Operating Expenses	$300M
Cost & Expenses	$837M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$103M
Income Tax Expense	$3M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$34M
EBIT	$117M
EBITDA	$151M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$100M
Depreciation & Amortization	$34M
Stock-Based Compensation	$13M
Deferred Income Tax	$8M
Other Non-Cash Items	-$2M
Change in Working Capital	$94M
OPERATING CASH FLOW	$247M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$30M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	-$181M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$46M
NET CASH FROM FINANCING	-$135M
FREE CASH FLOW	$227M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$63M
Short-Term Investments	$0
Net Receivables	$458M
Inventory	$513M
Other Current Assets	$60M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$361M
Goodwill	$2.6B
Intangible Assets	$242M
Long-Term Investments	$84M
Tax Assets	$123M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.6B
Account Payables	$503M
Short-Term Debt	$233M
Deferred Revenue	$273M
Other Current Liabilities	$369M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$986M
Deferred Revenue NC	$232M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.8B
Common Stock	$1M
Additional Paid-In Capital	$350M
Retained Earnings	$2.4B
Treasury Stock	-$911M
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$1.3B
Net Debt	$1.3B